The Chandelier Exit indicator in MQL5 is a powerful trading tool for forex traders. It uses a volatility-based system to detect potential reversals in the markets. The indicator works best on lower time frames, allowing traders to recognize potential entry and exit points quickly. The indicator is capable of recognizing complex movements in the market by analyzing factors such as price, volume, and volatility. With the help of the Chandelier Exit indicator, traders can identify entry and exit points with greater accuracy and take advantage of potential trading opportunities.